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In this video, Julian Lalo, a Melbourne-based fashion and food photographer, discusses the significance of contracts for freelance photographers. He shares his personal contract, which he developed over years of experience rather than having it legally drawn up. Julian updates this PDF document based on various client interactions and important points that arise. He emphasizes the importance of keeping contracts simple, ideally one page with subheadings and bullet points, to encourage clients to read them, as many skip the fine print. While he notes that his contract is not legally binding, it serves to clarify essential aspects before a shoot.